BATS-CHIXE:BNBB

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Banque nationale de Belgique Société anonyme

Executive Summary

Banque nationale de Belgique Société anonyme operates as the central bank of Belgium. More Details


Snowflake Analysis

Undervalued with solid track record and pays a dividend.

Share Price & News

How has Banque nationale de Belgique Société anonyme's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine BNBB's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine BNBB's volatility change over the past year.


Market Performance


7 Day Return

2.0%

BNBB

2.5%

GB Diversified Financial

0.0002%

GB Market


1 Year Return

-26.5%

BNBB

-4.4%

GB Diversified Financial

-10.0%

GB Market

Return vs Industry: BNBB underperformed the UK Diversified Financial industry which returned -4.1% over the past year.

Return vs Market: BNBB underperformed the UK Market which returned -9.1% over the past year.


Shareholder returns

BNBBIndustryMarket
7 Day2.0%2.5%0.0002%
30 Day2.0%12.7%10.0%
90 Day-5.5%16.7%7.0%
1 Year-23.3%-26.5%5.9%-4.4%-6.4%-10.0%
3 Year-30.0%-37.5%-1.4%-9.8%1.3%-11.1%
5 Year-33.2%-44.2%231.7%160.9%25.7%-2.9%

Long-Term Price Volatility Vs. Market

How volatile is Banque nationale de Belgique Société anonyme's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Banque nationale de Belgique Société anonyme undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BNBB (€1795) is trading below our estimate of fair value (€25083.62)

Significantly Below Fair Value: BNBB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BNBB is good value based on its PE Ratio (0.9x) compared to the GB Diversified Financial industry average (13x).

PE vs Market: BNBB is good value based on its PE Ratio (0.9x) compared to the UK market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BNBB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BNBB is good value based on its PB Ratio (0.1x) compared to the GB Diversified Financial industry average (1.1x).


Next Steps

Future Growth

How is Banque nationale de Belgique Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-17.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Banque nationale de Belgique Société anonyme has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Banque nationale de Belgique Société anonyme performed over the past 5 years?

5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNBB has high quality earnings.

Growing Profit Margin: BNBB's current net profit margins (56.9%) are higher than last year (54%).


Past Earnings Growth Analysis

Earnings Trend: BNBB's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: BNBB's earnings growth over the past year (10.7%) exceeds its 5-year average (5.5% per year).

Earnings vs Industry: BNBB earnings growth over the past year (10.7%) exceeded the Diversified Financial industry -26.5%.


Return on Equity

High ROE: BNBB's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Banque nationale de Belgique Société anonyme's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BNBB's Assets to Equity ratio (24.8x) is very high.

Allowance for Bad Loans: Insufficient data to determine if BNBB has a sufficient allowance for bad loans.

Low Risk Liabilities: 74% of BNBB's liabilities are made up of primarily higher risk sources of funding.

Loan Level: BNBB has an appropriate level of Loans to Assets ratio (11%).

Low Risk Deposits: BNBB's Loans to Deposits ratio (43%) is appropriate.

Level of Bad Loans: Insufficient data to determine if BNBB has an appropriate level of bad loans.


Next Steps

Dividend

What is Banque nationale de Belgique Société anonyme current dividend yield, its reliability and sustainability?

6.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BNBB's dividend (6.91%) is higher than the bottom 25% of dividend payers in the UK market (1.71%).

High Dividend: BNBB's dividend (6.91%) is in the top 25% of dividend payers in the UK market (4.9%)


Stability and Growth of Payments

Stable Dividend: BNBB's dividends per share have been stable in the past 10 years.

Growing Dividend: BNBB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5.9%), BNBB's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Pierre Wunsch (53 yo)

1.83yrs

Tenure

Mr. Pierre Wunsch has been Member of Governing Council of European Central Bank since 2019. Mr. Wunsch has been a Governor of the Board at National Bank of Belgium since January 2, 2019. He served as Direc...


Leadership Team

NamePositionTenureCompensationOwnership
Pierre Wunsch
Governor1.83yrsno datano data
L. Delaisse
Head of IT Infrastructure & Operations5.08yrsno datano data
L. Henry
Head of Accountingno datano datano data
Ph. Lefèvre
Head of Legal Serviceno datano datano data
Geert Sciot
Head of the Communication Service2.67yrsno datano data
P. Tack
Head of Human Resources Managementno datano datano data
Dirk Ooms
Head of Financial Marketsno datano datano data
R. Trogh
Head of Microeconomic Informationno datano datano data
J. Pissens
Head of Prudential Supervision of Market Infrastructure & Oversightno datano datano data
A. Landtsheer
Head of Medical Supervisionno datano datano data
R. Acx
Head of General Statistics Departmentno datano datano data
T. Plasschaert
Head of Central Procurement Administration Unitno datano datano data

2.7yrs

Average Tenure

Experienced Management: BNBB's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pierre Wunsch
Governor1.83yrsno datano data
Jean Hilgers
Treasurer & Directorno datano datano data
Tim Hermans
Secretary & Director5.58yrsno datano data
Tom Dechaene
Director6.83yrsno datano data
Jean Eylenbosch
Member of Board of Censorsno data€5.45kno data
Jean-François Hoffelt
Member of Board of Censorsno data€5.45kno data
Vincent Magnée
Directorno datano datano data
Mia De Schamphelaere
Member of Board of Censorsno data€3.82kno data
Herman Matthijs
Member of Board of Censorsno data€4.91kno data
Grégoire Koutentakis
Member of Board of Censorsno data€2.18kno data
Mario Coppens
Member of Board of Censors3.5yrs€4.91kno data
Steven Vanackere
Director1.83yrsno datano data

3.5yrs

Average Tenure

58yo

Average Age

Experienced Board: BNBB's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Banque nationale de Belgique Société anonyme's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banque nationale de Belgique Société anonyme
  • Ticker: BNBB
  • Exchange: BATS-CHIXE
  • Founded: 1850
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: €724.000m
  • Shares outstanding: 400.00k
  • Website: https://www.nbb.be

Number of Employees


Location

  • Banque nationale de Belgique Société anonyme
  • Boulevard de Berlaimont 14
  • Brussels
  • Brussels
  • 1000
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BNBENXTBR (Euronext Brussels)YesBearer SharesBEEURJan 1992
0DT1LSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
BNBBBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992

Biography

Banque nationale de Belgique Société anonyme operates as the central bank of Belgium. Its activities include determination and implementation of the Eurosystem’s monetary policy; printing and issuing of no...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:35
End of Day Share Price2020/11/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.